By the numbers: Grappling with the Garment District

From the May issue: The Garment District was once the heart of Manhattan’s colorfully named Tenderloin red-light district, but since the early 20th century it’s been home to the city’s fashion manufacturing industry. The area — bounded roughly by Seventh and Ninth avenues and West 35th and 42nd streets — is something of a vestige […]

By the numbers: Social media on steroids

From the March issue:  Though residential real estate firms have been savvy about the importance of social media — and poured considerable resources into it — for at least the past decade, the competency and effectiveness of each firm’s and broker’s tweets, snapchats, instagrams and Facebook posts can vary widely. Some, like Douglas Elliman’s Fredrik […]

At the desk of: George Xu

From the March issue:  George Xu is building himself a dream home: a duplex penthouse in his planned Farrington development in Flushing, where he will be able take the elevator straight down to his office or the gym. “I’ll never need to leave my building,” he said of the 14-story mixed-use project. Xu, a 48-year-old […]

Editor’s note: Can the Trump bounce last?

From the February issue: Markets crave stability, but you’d be hard pressed to call the first days of the Trump presidency stable. Trump’s core populist appeal — his promises to reverse economic hardship in the working-class heartland — seems to have been lost amid debates over inaugural crowd sizes, thousand-mile border walls and blanket immigrant […]

The February issue is live!

In the months since Donald Trump’s surprise election victory, financial markets around the world have surged. Bond yields rose rapidly, and last month the Dow Jones industrial average soared to close above 20,000 for the first time in history. Throughout his campaign, Trump sold himself as an experienced entrepreneur, and vowed to deregulate the banking […]

Day in the Life of: David Picket

From the January issue: David Picket is the president of Gotham Organization, one of the oldest development firms in New York City. Founded in 1913, Gotham has built about 35,000 apartments and a combined 40 million square feet of commercial and residential space, largely concentrated in Manhattan. The family-run firm, with about 150 employees, develops a […]

Movers and shakers: Eastern Consolidated promotes four, attorney joins Joshua Stein … & more

From the January issue: Eastern Consolidated has promoted Tripp Lyons, Alexandra Rossland, Ted Volynets and Peter Aarts. Each now holds the title of director. All four were previously associate directors. Attorney Alexa Klein has joined Joshua Stein, a commercial real estate law firm. She previously worked at Latham & Watkins and is currently a co-owner of […]

Government Briefs: State Republicans keep control of the senate, NY AG sues landlords … & more

From the December issue: Republicans maintained their majority in the New York State Senate, raising hopes in the real estate industry that the expired 421a tax break will be resurrected and rent-control legislation loosened, the Commercial Observer reported. [more] … [more] Source: Real Estate